With this transaction on a 5-year maturity, Sfil extends its dollar reference curve
by a further 2 years and contributes to diversifying its medium- to long-term
financing sources after 2 euro transactions launched during the 1st half at 5 and 7 years.
The last decade has seen a growth bias among financial assets, one that has become entrenched in equity indices. At the same time, bonds seemingly shed much of their protective qualities, offering investors very little by way of diversification.
As an ever-more-aggressive rate-hiking cycle rocks the financial markets, might corporate credit offer a space that is both remunerative and relatively calm? Last week brought the third consecutive 75-basis-point rate hike from the U.S. Federal Reserve. The market had even priced in a meaningful risk of a full percentage point.
One billion euro for new growth and financing opportunities to over 100 European SMEs and Mid-Caps affected by the economic impacts of the pandemic.
CNP Assurances has successfully completed its first Tier 3 subordinated issue of the year, placing €500 million worth of seven-year notes due 27 January 2029 and paying interest at 1.25%. The notes qualify as Tier 3 capital under Solvency II.